Property description
This townhouse was built around 2004 and is located in the quiet neighborhood of Münster. It features 2 floors with a total living space of 136m². The property comes with a cellar for extra storage and a parking space. Please note that there is no possibility for interior viewings as the property is currently occupied by one of the leaseholders. The rights in section III, with a capital value of €187,500.00 (as of September 2024), will remain in place.

Thoughts on price
The asking price of €320,000 for this property seems reasonable considering its location in Münster and the size of the living space. Additionally, the presence of an established leasehold adds value to the property. It could be a worthwhile investment for the right buyer looking for a comfortable townhouse in a desirable area.

Objektbeschreibung                          Reihenmittelhaus, Baujahr: ca. 2004, Erbbaurecht liegt vor, 2 Etage(n), Wohnfläche: 136m², Keller/vollunterkellert, Stellplatz vorhanden, keine Innenbesichtigung, zum Zeitpunkt der Wertermittlung von einem der Erbbauberechtigten bewohnt, Rechte in Abt. III mit einem Kapitalwert von 187.500,00€ (Stand 09.2024) bleiben bestehen

House for rent in Munster, Germany

 From the buyer's perspective, this property is located in Münster, and it is a Semi-detached house with approximately 2004 as the construction year. It is mentioned that there is an Erbbaurecht which likely implies a Life Estate or some kind of long-term property right in Germany. The property consists of 2 floors and a full-basement, with a living space area of 124 m².

As it's mentioned that the basement is a full-bungalow, it typically means it's spacious and can be used as an additional living space. The property has been mentioned that it does not come with any forms of investment properties like rental incomes or any other earning source. But other details indicate that the property has been self-occupied which likely means it shows some signs of adequate and comfortable living.

As for the estimated value, it is at 555,000€. To assess the property as a real estate investment, one would need to analyse the surroundings, rental trends in that area, employment rates, and other such factors. It is also essential to find comparable properties in the vicinity that have been sold recently and similar properties on the market to have a better understanding of the property's value in the current market.

As a lifestyle purchase, for someone who is looking to live in a semi-detached house in Münster, especially if they need more space or intend to use the extra space provided by a two-story house or a full-basement, the property would be convenient. However, it does not seem to be an option to generate income through rental properties which might have been an appeal if it was available.

Objektbeschreibung                          Reihenmittelhaus, Baujahr: ca. 2004, Erbbaurecht liegt vor, 2  Etage(n), Dachgeschoß ausgebaut, Wohnfläche: 124m², Keller/vollunterkellert, keine Innenbesichtigung, zum Zeitpunkt der Wertermittlung eigengenutzt, sowie Miteigentumsanteile an Verkehrsfläche

House for rent in Munster, Germany

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